An Externality Occurs Whenever

question 269

Multiple Choice

An externality occurs whenever

• A) private costs are the same as social costs.
• B) private costs are the same as internal costs.
• C) private costs diverge from social costs.
• D) private costs plus internal costs equal social costs.

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Definitions:

Cohabitation Rates

The statistical measure that reflects the number of people living together in a romantic relationship without being married.

Remarriage Rates

Refer to the statistical occurrence of individuals entering into marriage again following a divorce or the death of a spouse.

Remarried Couples

Couples who have entered into marriage again after one or both partners have been previously married.

Yours, Mine, And Ours

A phrase often used to describe blended families that include children from previous relationships as well as any current union.